KILKHAMPTON MOT STATION LTD


Director	Daniel Ford-Lewis


Registered Address	Kilkhampton Garage
	Kilkhampton
	Bude
	EX23 9QR


Registered Number	12087741 (England and Wales)

Balance Sheet as at
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		3,900		4,200
Tangible assets	4		34,167		34,477
			38,067		38,677
Current assets
Stocks	5	3,100		850
Debtors		9,982		16,095
Cash at bank and on hand		10,887		4,781
		23,969		21,726
Creditors amounts falling due within one year	6	(57,339)		(62,998)
Net current assets (liabilities)			(33,370)		(41,272)
Total assets less current liabilities			4,697		(2,595)
Creditors amounts falling due after one year	7		(22,899)		(40,979)
Provisions for liabilities	9		(6,014)		-
Net assets			(24,216)		(43,574)
Capital and reserves
Called up share capital			225		225
Profit and loss account			(24,441)		(43,799)
Shareholders' funds			(24,216)		(43,574)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 1 September 2026, and are signed on its behalf by:

Daniel Ford-Lewis
Director
Registered Company No. 12087741

KILKHAMPTON MOT STATION LTD

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Goodwill is amortised on a straight line basis over a 20 year period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Plant and machinery	10	-
Vehicles	10	-
Office Equipment	10	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 25	6,000	6,000
At 31 July 26	6,000	6,000
Amortisation and impairment
At 01 August 25	1,800	1,800
Charge for year	300	300
At 31 July 26	2,100	2,100
Net book value
At 31 July 26	3,900	3,900
At 31 July 25	4,200	4,200

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 August 25	1,200	35,074	15,000	367	51,641
Additions	-	3,433	-	-	3,433
At 31 July 26	1,200	38,507	15,000	367	55,074
Depreciation and impairment
At 01 August 25	120	14,010	3,034	-	17,164
Charge for year	60	2,449	1,197	37	3,743
At 31 July 26	180	16,459	4,231	37	20,907
Net book value
At 31 July 26	1,020	22,048	10,769	330	34,167
At 31 July 25	1,080	21,064	11,966	367	34,477

5.	Stocks

	2026	2025
	£	£
Finished goods	3,100	850
Total	3,100	850

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	10,422	17,674
Bank borrowings and overdrafts	3,385	10,955
Taxation and social security	28,786	16,172
Finance lease and HP contracts	-	3,792
Other creditors	14,746	13,506
Accrued liabilities and deferred income	-	899
Total	57,339	62,998

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	22,899	25,167
Other creditors	-	15,812
Total	22,899	40,979

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	-		19,604

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	6,014	-
Total	6,014	-